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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (261)	1/4/2001 8:05:16 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 15481

Gee, that's what they said about the high flyers back in March:-) I actually called the top in crude oil pretty well a bit ago, but I am no expert in the energy sector. Here is what I am looking at: -In about 2-3 months, the demand for NG will drop off significantly due to seasonality. -Market is forward looking -The short positions in NG are likely nearly wiped out so there is no cushion to catch the fall -Interest rates came down -The XNG is looking toppy to me (I don't have P&F charts for NG futures anymore) stockcharts.com So, I probably won't actually short NG. I am not smart enough on this sector to think that I have evaluated all of the factors, but on the surface, it looks good for a papertrade in the Drillbit portfolio.